Polymarket starts betting market on Satoshi Nakamoto’s identity

Polymarket traders have begun betting on who will be exposed in the HBO documentary “Money Electric: The Bitcoin Mystery” about Satoshi Nakamoto, the anonymous creator of Bitcoin.

On October 4, Polymarket dealers I opened A betting market for the big reveal of Satoshi Nakamoto, the creator of Bitcoin (BTC).

The market is scheduled to stabilize on October 8, the premiere date of the new HBO network documentary Titled “Money Electric: The Bitcoin Mystery,” it promises to reveal the true identity of Bitcoin’s anonymous creator. In 2011, Satoshi disappeared from public view. Since then, a number of theories have emerged about Satoshi’s true identity.

Polymarket Betting Market to Reveal Satoshi Nakamoto’s Identity – October 4, 2024 | source: Polymarket

At the time of writing, most bettors on Polymarket believe Satoshi could be crypto designer Len Sussman, as he holds the highest ranking on the betting board, with 54% odds of being the founder of Bitcoin.

Many believe that Sussman could have been Satoshi due to his previous academic work centered around cryptography. His work reflects his strong ideological commitment to privacy and decentralization. Another detail held out by the conspirators is the fact that Sassman died by suicide in 2011, shortly after Satoshi stopped posting on the Bitcoin forum BTCTalk.

The entry with the second highest votes is titled “Other/Multiple” with odds of 38%, which predicts that Bitcoin’s creator could be either multiple people or someone completely unknown or outside the cryptocurrency loop.

Aside from Sasman, many also believe that Hal Finney could have been Satoshi. With odds of 16%, the American software developer was known for being an early Bitcoin contributor. He was also the first person to receive a Bitcoin transaction from Satoshi himself.

In third place was Adam Back, CEO of Blockstream, one of the first two people to receive an email from Satoshi Nakamoto. He also appears in the trailer for an upcoming HBO documentary.

Who claimed to be Satoshi Nakamoto?

From 2016 until 2024, Australian computer scientist Craig Wright claimed to be Satoshi Nakamoto. He made this claim after Wired magazine and Gizmodo Suggested It was Satoshi in an article published in December 2015.

Wright has since long announced that he wrote the 2008 Bitcoin whitepaper under the pseudonym Satoshi Nakamoto. He even won a defamation case against cryptocurrency blogger Peter McCormack though Giving “Intentionally false evidence.” The court awarded him compensation of one pound sterling

However, in March, Judge James Mellor ruled that the evidence proving that Wright was not Satoshi was “overwhelming,” after the Open Crypto Patents Alliance began a legal battle to prevent Wright from suing Bitcoin developers. After a rigorous two-month trial, the UK Supreme Court officially ruled that Craig Wright was not Satoshi Nakamoto and was not the author of the Bitcoin whitepaper.

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